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Minnesota Wild majority owner Craig Leipold suffered through a disappointing season and admitted that missing the NHL playoffs means the team will lose money for the 2010-11 season.

Another potential problem for Leipold is the team's general partner and minority owner billionaire Philip Falcone, whose Harbinger Capital hedge fund is facing two SEC investigations. Although Falcone is obviously quite wealthy, his business fortunes have diminished greatly over the past year or so. Our figures show that the Wild post a loss of $2.3 million before interest, taxes, depreciation and amortization for the 2009-10 season, when they also missed the Stanley Cup tournament. Given the Wild's attendance dipped a bit in 2010-11 from the prior season it is safe to say they again lost money.

This means the unless the Wild hit the banks up for a loan the team will likely be making capital calls to owners for cash. The SEC investigation coupled with the relatively poorer performance of Falcone's investments could make it more difficult for Leipold to get cash from his partner.